CUBIC WINS FOREIGN DEFENSE DEALS

Contracts total $125M to provide force training for overseas governments

San Diego’s Cubic Corp. said its defense arm recently received several contracts for combat training from Pacific Rim countries totaling more than $125 million.

The contracts range from five to six years and are fully funded. They are from long-standing customers.

Cubic did not identify individual countries, and a phone call to the company was not returned by press time.

Cubic’s core defense business centers on providing military training. The contracts cover training, operations and maintenance, as well as management and firing range modernization.

Last year, more than half of the orders for Cubic’s Defense Systems division were from international customers, including countries in Europe and elsewhere. These overseas customers help diversify the company so it’s less reliant on U.S. defense contracts at a time of budget cuts.

“Today more than 50 percent of our work force is located outside the United States demonstrating our commitment to further expand the company’s already significant international business base,” Dave Schmitz, president of Cubic Defense Systems, said this month.